Dubai SME, the agency of Dubai Economy has announced the launch of a new business incubator ‘Ztartup,’ in Dubai Healthcare City that is dedicated to healthcare technology, including digital media and Augmented & Virtual Reality used in healthcare; digital emergency and safety technology.
The Centre will also help the entrepreneurs developing and improving smart phone applications for the healthcare, and fintech sectors. The incubator provides two specialised programmes – one for Business Incubation and the other, for Business Accelerators. The Incubator will evaluate the enterprises and the skill of the entrepreneurs and help them choose the best programme for them to start and launch their businesses.
Abdul Baset Al Janahi, CEO of Dubai SME
Abdul Baset Al Janahi, CEO of Dubai SME, lauded the role of specialised business Incubators in supporting the economy and developing a new system tailored to the needs of the future. He stressed the importance of the private sector supporting entrepreneurs in line with its role as the engines of economic activity, as well as the need to adopt necessary policies to maintain enterprise growth and economic development.
“There should be balanced support from the public as well as private sectors to enhance the role of small and medium enterprises, create new market opportunities start-ups, open diverse financing channels for entrepreneurs with innovative ideas, and formulate systems and laws for crowdfunding. The private sector plays a major role in supporting start-ups through its community initiatives, which contributes to accelerating economic growth rate,” Al Janahi said.
Al Janahi also emphasised the role of start-ups in generating wealth and employment in the UAE. “Start-ups in Dubai have won global attention due to the significant acquisitions that took place in recent years, furthering the role of Dubai as a knowledge centre and innovation hub in the region.”
Mohamed Shafi, CEO and Founder of Ztartup, said, “Our aim is to develop a new ecosystem that supports tech entrepreneurs. The impact of this new system will be seen on future businesses, technical skills of entrepreneurs and overall economic growth in the UAE. Ztartup seeks to incorporate entrepreneurial initiatives into incubation programmes and business accelerators to ensure their success and sustainability. Ztartup will also connect them to experts who can assist them to advance their tech innovations.”
